[Patreon Teaser] Heated Rivalry: Private Equity vs Human Decency
Corporate Gossip
Becca Platsky
5.0 • 590 Ratings
🗓️ 15 May 2026
⏱️ 7 minutes
🧾️ Download transcript
Summary
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Imagine if Gordon Bombay never had a redemption arc. That's the story of Murry Gunty, owner of Black Bear Sports, a Private Equity company that professionalizes shaking kids down for their lunch money - but you're gonna LOVE how this movie ends.
We'll also talk about Jeffrey Epstein associate Josh Harris and heir to the Smurf fortune David Blitzer who use their Blackstone connections and Wharton Business degrees to steal joy from children!! Don't worry, there's a comeuppance for them in this story, too!
Links:
Lord of the Rinks. Meet the hockey CEO cashing in on your kid's team
Youth Sports Are a $40 Billion Business. Private Equity Is Taking Notice.
Tennessee bill would criminalize harassment of student-athletes
As Youth Sports Professionalize, Kids Are Burning Out Fast
Private Equity Is Coming for Youth Sports
Bill would ban private equity 'vulture investors' from youth sports.
Transcript
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| 0:00.0 | So now we have this void in the youth sports market that private equity is like, this is perfect. This is a private equity size hole. Do you guys have any money in there? Is there any money on that field? Is that a little 11 year old there just trying to have fun with his friends? Does he have some money on him? We should we should get that money. They're literally taking all the youth and like hanging them upside down upside and shaking the money out of their pockets. |
| 0:22.3 | Exactly. The other problem is when you have these municipal leagues, all the competitive players, |
| 0:27.9 | like the good kids on the teams, are scooped up by the private equity teams. And then everybody |
| 0:32.6 | left is like, sorry kids. Like, you can play, I guess, baseball with the kid who sharded on second base. That was me. But what is private equity team? This is like, what I'm picturing is like in like Mighty Ducks when like the other like the team that is wearing like all the matching tracksuits and they're like 11, but their whole life is hockey or whatever. You're like, is that what we're talking here? Yes. It's so funny. You mentioned the Mighty Ducks. I have, I think the Disney movie, like, kind of trite plot line. Yeah. Also, like, Brink, where you kind of have the soul skaters who do it for fun. And then the the really the other ones who are sponsored. |
| 1:11.5 | And they have like the nicer rink and all the nicer stuff and Eric Vanderkamp or whatever. |
| 1:16.8 | Love him. |
| 1:17.8 | He's like struggling of like which path should I take and I think that's relevant here. |
| 1:23.0 | Yeah. |
| 1:23.7 | And it's like is there a better villain for this podcast when we zoom in to like who's in the boardroom above the little league, above the little league stadium? |
| 1:35.4 | Yeah. |
| 1:35.7 | Doing these, doing these deals, these three grown men destroying youth sports, like via private equity. |
| 1:42.4 | Is there a better villain for this podcast? |
| 1:43.9 | I don't think so. |
| 1:44.7 | Yeah, you're like, sometimes hurting kids is like a byproduct of making money, but this is like, |
| 1:48.6 | it's like a feature of the making money here. We're going to talk about three private equity guys. |
| 1:53.2 | We'll talk about billionaires, Josh Heretz and David Blitzer, who own the 76ers and the New Jersey |
| 1:58.8 | Devils and a bunch of arenas, including Wolf and Rink in Central Park. |
| 2:03.2 | Oh, yeah. |
| 2:03.8 | You know that one? |
| 2:04.6 | You know that one? |
| 2:05.6 | I know it was. |
| 2:06.4 | We've made a lateral move, it seems. |
... |
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